Industry ranking
Score of 88.7/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 22 Jan 2026 | 23 | 91% | 7% | 2% | 12% |
| 01 Jan 2025 - 30 Jun 2025 | 16 Jul 2025 | 25 | 86% | 12% | 2% | 17% |
| 01 Jul 2024 - 31 Dec 2024 | 23 Jan 2025 | 20 | 93% | 6% | 1% | 9% |
| 01 Jan 2024 - 30 Jun 2024 | 19 Jul 2024 | 24 | 87% | 9% | 4% | 20% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 28 | 75% | 21% | 4% | 28% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 21 | 89% | 8% | 3% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 14 | 93% | 5% | 2% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 12 Jul 2022 | 14 | 95% | 4% | 1% | 17% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 18 | 92% | 5% | 3% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 30 | 69% | 20% | 11% | 32% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Feb 2021 | 27 | 86% | 6% | 8% | 18% |
| 01 Jan 2020 - 21 Jul 2020 | 22 Jul 2020 | 33 | 71% | 26% | 3% | 57% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 33 | 74% | 18% | 8% | 68% |
| 01 Jul 2018 - 31 Dec 2018 | 19 Feb 2019 | 57 | 57% | 28% | 15% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 26 | 77% | 16% | 7% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless otherwise specified in the purchase order or agreed by contract all payments shall be made electronically within 30 days of receipt of a supplier's correctly prepared and properly substantiated invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
Invoices and payments are managed by the Accounts Payable team. Any received without a valid purchase order reference will be returned to the supplier. Invoice payment enquires are mostly managed through an Account Payable Helpdesk email system or may be initiated by telephone. Any enquiries regarding payment that cannot be answered directly will be referred to the relevant buyer or requestor in the company to answer or take follow up action to resolve. Standard subcontract terms and conditions on disputes Terms of payment “If TECHNIP disputes any invoice in whole or in part, it shall advise SUPPLIER of the amount(s) in dispute and shall instruct SUPPLIER to issue a credit note for the said amount(s). TECHNIP shall pay the undisputed portion of the invoice within thirty (30) days of receipt of the respective credit note.” Resolution of disputes “Any dispute between TECHNIP and the SUPPLIER in connection with or arising out of this CONTRACT or the SERVICES shall be resolved by means of the following procedures: a. the dispute shall initially be referred to TECHNIP’s representative and SUPPLIER’S representative who shall discuss the matter in dispute and make all reasonable efforts to reach an agreement. b. If no agreement is reached under (a) above the dispute shall be referred to the two persons who executed the Form of Agreement. Such persons are nominated one by TECHNIP and one by the SUPPLIER. Such persons may be replaced by the party which nominated them by notice to the other party; c. If no agreement is reached under (b) above the dispute shall be referred to the Managing Directors of TECHNIP and the SUPPLIER. In the absence of any agreement being reached on a particular dispute either party may take appropriate action in the Courts to resolve the dispute at any time. Whilst any matter or matters are in dispute, the SUPPLIER shall proceed with the execution and completion of the SERVICES and both the SUPPLIER and TECHNIP shall comply with all the provisions of this CONTRACT.”
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
T.EN E&C Limited is a UK registered company incorporated in 1996, now based in London. Companies House records show it traded under several previous names, most recently as Technip E&C Limited from 2012 until April 2022, and before that as Shaw Energy & Chemicals Limited, Stone & Webster Limited, Shaw Group UK (Projects) Limited and Shaw Group U.K. Limited. Its registered business activity is engineering design activities for industrial process and production, indicating it provides technical engineering design services to industrial and process-related projects. The company remains active, filing accounts and confirmation statements as required, though the evidence available does not describe its day-to-day operations or client base in further detail.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk